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	Email: jtrib@firsthomebuyers.net
			Last Update 1/01/2010
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Rent versus Buy Analysis
	FirstHomeBuyer	Conventional 30 Yr Fixed	USDA
Type of mortgage	FHA 30 Year Fixed	Down Payment Assist	30 Year Fixed
	3.50% Down Payment	5.00% Down Payment	Zero Down Payment
Initial Assumption
After-tax rate of return on investments
Marginal tax rate				Housing Information
Estimated annual appreciation of home				Check Home Value
Down payment on home			0	Fastest Growing Cities
Closing costs-1st mortgage				Best Places to Live
Points-1st mortgage				Most Affordable Places to Live
Estimated purchase price of home
Cost of Renting
Annual Rent
Renter's insurance annual premium
Total cost of renting
Cost of Buying
Mortgage Amount
Interest Rate
APR-Annual Percentage Rate
Term of mortgage (years)	30	30	30
Monthly mortgage payment
Annual Down Payment Assistance Loan Payment	$0.00		$0.00
Annual mortgage payment
Annual property taxes
Annual homeowner's insurance
Annual Home Association Dues
Private Mortgage Insurance-PMI			0
Annual Maintenance
Total cost of buying
Less Adjustments:
Principal reduction in mortgage
Tax savings of interest deductions
Tax savings of property tax
Tax savings on PMI		0	0
Total adjustments
Annual after-tax cost of home ownership
Less:
Estimated annual appreciation in value of home
First Time Home Buyer Credit	8,000	8,000	8,000
Net annual cost of home ownership
1st Year Savings with $8,000 Tax Credit
Yearly Savings Owning versus Renting
Additional Calculations
Enter year(s) owning home
Value of home
Equity in home
Net Profit if you sell home
Sales Price
Real estate commission rate
Real estate commission
Seller Closing Costs
Mortgage balance(s)
Net profit if you sell home